To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes.

Bill 118 hr 2605, also known as the "Securities Exchange Act Amendment Act," aims to make changes to the Securities Exchange Act of 1934. The main purpose of this bill is to exclude qualified institutional buyers and institutional accredited investors from being counted towards the mandatory registration threshold for holders of a security under the Act.

Qualified institutional buyers and institutional accredited investors are considered to be sophisticated and experienced investors who are able to assess the risks associated with securities investments. By excluding these types of investors from the calculation of holders of a security, the bill seeks to streamline the registration process for securities offerings and reduce regulatory burdens on these types of investors.

In addition to excluding qualified institutional buyers and institutional accredited investors from the mandatory registration threshold calculation, the bill also includes provisions for other purposes related to the Securities Exchange Act. These additional purposes are not specified in the summary, but may include further regulatory changes or updates to the Act. Overall, the Securities Exchange Act Amendment Act aims to make the registration process for securities offerings more efficient and less burdensome for qualified institutional buyers and institutional accredited investors. This bill is currently under consideration in the US Congress and may undergo further revisions before potentially becoming law.